Mina is the world's lightest blockchain, powered by participants.
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- How to Stake MINA?
The Mina network is secured by Proof-of-Stake consensus. With this model of consensus, you don’t need to have complex equipment like in Bitcoin mining. By simply having mina in our wallet, we can choose to either stake it ourselves, or delegate it to another node.
For official documentation on how to stake and delegate MINA, please visit here.
- How much can I earn Staking MINA?
You can either Stake MINA or Delegate MINA. Delegating mina is an alternative option to staking it directly, with the benefit of not having to maintain a node that is always connected to the network.
Based on the current parameters you can earn around 25% APR delegating MINA.
Check out all the Staking Providers for delegating MINA in the Mina Protocol asset profile.
- Any risks to Staking MINA?
Although there is no lockup time please consider there is a latency period of a 2-4 weeks before your new stake delegation comes into effect.